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St. Louis Post-Dispatch from St. Louis, Missouri • Page 7

Location:
St. Louis, Missouri
Issue Date:
Page:
7
Extracted Article Text (OCR)

Si. firms )ot-iispat4 ftowslmn, tcmhix 2B, XSSS. THE PANAMA BUBBLE. vercoatsAHonh $36, for $10 Jan 113.22 113.22 112.90 112.90 May 1 13.55 I 13.60 1 13.27 13.30 LAJtP. Jan 17 92 1 7.92 1 7.72 17.92 a May 18.00 7.97 1 7.80 7.80t82b SHORT RIBS.

Jmi 67P2 T6T90 16777 1 6.77 May 7.07 17.07 1 6.93 1 6.95 a IP YOU TELL A LIE, 24 Texas cows 787 1 85 2d Texas cows. 833 2 10 HOGS The supply was Insignificantly small and sellers in consequence had it all their own way and asked an advance of 5010c per 100 lbs on all grades, which they readily attalaed. The demand from ackers, butchers and local operators was quite large ur good fat hogs, and had the receipts proved larger an active market would have ensued, that Is certain. Prices would not have advanced as they are a little out of line with other markets at present. The range paid was from per 100 lbs.

for good packing to choice butcher lots. Perhaps these figures will' not stand. Yorkers, $4.90. Representative salee: UNION STOCK YARDS. Daily live stock report of sales of hogs, Decem SAM'S A.

GATXOnn. JOHW H. BLES6IXG. SAM'L A. GAYLORD DEALERS IN INVESTMENT SECURITIES, No.

307 OliTe Street, We make a specialty of Government, Missouri, Kansas, Illinois and Texas Stale, City, County. Township and School funding bonds; also deal Railroad, Gas. Water and Street Railway Co. stocks and bonds. H.

M. iOEL 667, IT. W. Cor. Third and Pine Streets, St.

Louis. State, County, dty and school bonds of Missouri, Illinois, Kansas and Texas a specialty; also, local stocks, land warrants and commercial paper. Our Satin-Lined Chinchilla Overcoats for $10 are as well worth $30 EGGS Receipts, 2,139 pkgs. Current receipts were selling slowly at 17ial7i-2o. DRESSED POULTRY Dull.

Bales of choice turkeys were mainly at 10 10tjc per lb, and rough and poor at Chickens ranged at $1 il.25 per dozen for small, for mertlum-ulied. and for choice. Geese sold at $2.503 per doren for poor, rough and red, $4'S5 for good, and $6a7 tor choice. Ducks ranged at LIVE POULTKY-Chlckens at tur-keys at 6Vj7Heo per lb; ducks at geese, $aa5; plgeonsat $1.50. GAME Slow sales.

Sales ranged: Quail, undrawn, $1.75, drawn $1.50, soft 75c; grouse, undrawn $5, drawn rabbits at 75c; jack rabbits $1.502.00: squirrels at 4050c; deer, carcasses at(ii7o, anil venison saddles at 12313c per lb; ducks mixed at $1.50, teal at $2.25 and mallard at $3: wil turkeys at 6'r7c per lb; pheasant, woodcocks at snipe at $1. 50: opossum at 1020o. VEALS Choice sold at 5c; poor at 4c, and heretics at 8c per lb. FURS Steady and firm. Receipts more liberal.

as the Overcoats our competitors REDUCTIONS IN Men's Overcoats, all Men's Cassimere and Worsted Suits Children's Overcoats Children's Suits Reduced to 75c, $1.45, $2, $2.50 and $3.50 Boys' Suits and Overcoats Reduced to $2.85, 3.50. $5 and $7.60 Finest Baltimore Tailor-made Suits and Overcoats. to Finest Tailor-made Children's Suits and Overcoats $5.00 to $7.60 Finest Tailor-made Boys' Suits and Overcoats $10.00 $15.00 Boots, Shoes, Hats, Caps and Furnishing Goods Reductions Defrin? all Competition. W'We always guarantee satisfaction line Brass Drums free with every Boy's quote: Large. NO.

1. 75 40 85 1. 2. 60 40 85 25 75 60 S. 25 15 25 Raccoon Mink Otter 6.00 9.00 8.00 1.60 Beaver Skunk Black Skunk Narrow Skunk Mhort Skunk Broad Opossum.

Muskrat us rat, kits Wild cat Pole and house cat .6.00 5.00 3.00 1.50 6'3 Wolf Prairie 1OS1.00 Badger 10 75 Bear 258.00 Ooen" mink. fox. otter, skunk, onossum. musk- rat, cats and badger 10a 20 per cent less. Scabs worthless.

WOOL Receipts. 114.633 B3. Market steady and unchanged. We quote: 705. 707.

709. 711 and 713 FRANKLIN AV. 3T Largest Shoe and Clothing Establishment in the West. Open until 10 p. m.

this week; Saturdays until 11 p. m. Send in your Mail Orders. Uxwabhid States. Bright, Braid, Low, medium.

coarse, sandy. 26 (S'26Vt 20 22 17W19 Kansas and 20 'i22 14 rlt llal4 Texas and 8 to 12 mo 24 26 17 to 19 12 a 16 Ind. Ty. 3 4 to 6 mo. 19 ta22 12 (515 ll'rl3 New 23 a24 16 S18 lid 14 etc 23 17 (S19 13 lb JOHN F.

BAUER. Am U. BAUER BAUER BANKERS AND BROKERS, 205 N. 8D ST. LOUIS, MO.

We make a specialty of buying and selling flrst-elass local securities. Telephone 1305. MONEY. New York, December 26, 11 a. m.

The stock market opened this morning with a very active business and first prices were all up from Monday's final figures from Vb to Mt per cent. The market, however, was somewhat mixed, and the high figures of the opening were not maintained for long in the majority of the losses, although the losses were confined to small fractions and the market became quite feverish within a narrow range. Tie Yander-bilts were the strong feature of tee dealings and Lake Shore was specially conspicuous by reason of the strength displayed, rising 1 per cent on an unusually large business. Big Four also rose a like amount. The market exhibited no special feature, but remained active without further change and at 11 o'clock it was unsettled at but slight changes from the opening prices, though generally lower.

Heading, Lake Shore and St. Paul were the leading active shares, but there was a very good business done in all the active list an while there were a large number of inactive hares traded in, the aggregate of such business was small. Noon Money is easy at 3S4 per cent. Bar silver 921,2. The btock market showed a marked decrease In the amount of business after 11 o'clock, and while there was a tendency to advance at first, the publication of the earnings of the st.

Paul for the third week in December, showing a deerease of $93,000, weakened that stock and it quickly declined 1 per cent with the rest of the list following. The decline was accompanied by a renewal of the animation, f-t. Paul naturally being the leader. The market recovered somewhat later in the hour and at noon it was fairly active and firm at fractional declines from the opening figures. 3 p.

m. The stock market closed active and firm at small fractions under opening figures. BOSTOH, December 26. Mexican 4s, 65a 66; scrip, QaralQO; common. 13VBijit Aliouez, tisa; Calumet, 290-S291; Huron, 67.

New York Stock Quotations. Torrected daily by MatthewB Whlttaker, bankers si fee Stocks. p. -2 2 tJ New York Wheat December. 99tfcc: January.

99Vsc; Febrnarv, March, May, $1,047 June, Corn December, 46c at January; 457hcb: February. 457o May, 45Vica; uais January, aufec eoruary, oiw jtiay, 33Vsc Januarv. 3lVjies February, 32Vsc: May, 3gc. Toledo WTieat December. 96c; May, Jl.OlVA; July.

91V4c. Dn.CTii Wheat December, S1.16V4; May, Jnne, July, Stock of Grain in St. Louis Elevators. Wheat bu. Corn bu.

Oats bu. Rye I Barley bu. I bu. Today 635.176 107,492 105,262 8,697 No. 2.

91,061 89,126 6.785 111 003 015 ffitay 3,805,338 638,714 102 80 ASS i.Oia.siUiSiz.&oo ,094 No. a Bed. No. 2. No.

2. 169.807 Today Satdy 1.204.601 513,042 1.205,663:423.425 IBS 3,332.221 St. LouVt Markets. BE(ftTLAB SESSION, CLOSING 1:15 P. The visible supply of wheat increased 822.078 bn and is now 38.03Q.659 bn; common increased 942,312 bu to 7.269.742: oats 423,812 to 8,433.837 hn- 9a fi1 to 1 fi37.s2 buibarlev 32.353 to 2,456,851 bo.

Last year for same week wheat in creased l.UUU.UUU bu and corn Minneapolis and St. Paul's stock of wheat increased 608.000 bu and Duluth's 123.000 bu. None of the other markets showed any large decrease. Last week's exports Irom seven Atlantic pons were 131,398 bhls flour, 710.039 bu eorn, 4.181 bbls po'k. 10,276.985 lbs bacon and hams, 8,478,237 lbs lard.

Not one bushel of wheat was sent away. Since September 1 the Atlantic seaboard exports of flour and wheat were equivalent to 16,220,000 bu, a decrease irom same time isv jrar of 15.747.000 bu. John Boumphrey A Liverpool, write the Kedmond-Cleary Com mission "ome contend mat supplies xor me next six months are to be difficult to secure, but we do not find any practical obstacle In the way of buying as much actual wheat as the most sanguine operator would wish to possess, and this without paying any premiums. Good Russian, Azenia and Gherka wheats can be obtained for Januarv, February. March and April shipment as buyers may require at from 7s to 7s 3d per loo ins aenverea.

Kive riate, January, reo-ruarv, March shipment, 7s ldo7s 4d: No. 1 Bombay, April, May. June shipment, 7s 7dr7s 6d; White Delhi, May and Juuei 7s bd, and as many cargoes ot cantortinn as you want at 40s per 500 vibs. If on the back ot this. America should want to sell sum wheat the present range is fully as high as the circumstances warrant.

Maize is dull and grad-ualy declining. There seems to be too much corn now. but at the same time there ought to be a good demand at some price right along." A hail and sleet storm Interrupted telegraphic communica tion with the north and east to-dav. A Minneapolis telegram to S. W.

Cobb A Co: "Estimated cars to-morrow 200. On track now, over 1,000 cars." The largest single shipment of dried fruit ever received here came in to unsten A Co. 1 here were 1032 sks, aggregating 125.000 lbs. Wheat was extremely weak this morning, though St. Louis was not near so depressed as was Chicago.

That market went tumbling downward at a rapid rate for a while, our own following, but at a slower gait, so that the difference of over 4c that has existed between the two markets was reduced considerably. There was no market news from across tne water, as they were closed for the holidays until tn-mnrrow. The unexpectedly large increase of 822,000 bu in the visible supply and the fact that not one bushel of wheat was cleared from Atlantic ports last week were bearish factors. Receipts at Minneapolis, bK, were liberal, but small In the home market. Shorts were inclined to cover freely at the decline and from Jl.O'itito for May there was trood buying, which labted through a reaction to $1.02.

Afterwards it was all one way and finally became a perfect landslide, all the markets going down rapidly and great weakness was prevalent. Maylfinally sold at $1 and closed with sellers at $1 a I.lKMs, or 4C below Saturday's close. Spot grades wers lower. but the decline failed to improve the demand. No.

2 red sold in A. at 97o and in C. at 96Vsc: No. 3 red at 93ic in l. ana t.

ami 01a tor A. auey a j. mi, 4 at 84c in C. and bid for U. and A rejected offered at 70c.

Corn receipts were heavy and for the past three davs exceeded same time last year by bu, the stock increasing over 100.000 bu. The large arrivals did not depress the market as much as might have been expected, for one thing the outside markets exhibiting a great deal of strength that had Its effect here. Shorts bought heavily of May, which ranged between 334c and 33fcC and closed at 33ts d33Se December sold at SOVfcc, Februarv at 3o4C to 30Va4s; and March at 31Vkc to 31c. No. 2 white for May sold at 854RC.

While most spot grades were lower, they generally showed steadiness at the decline and were in good demand. Nos. 2 and 3 white held steady but regular. No. 2 was easy.

No. 2 soli at regular. 30lva3OVac in C. No. 3 at 2Sirti28Uc E.

side. 28lva Sc in St. 28Mjc bid for No. 4 bad bid for C. and St.

L. No. 2 white sold regular at 3014c. and this side at 31c; No, 3 do at 30c East and SOVjc this side: no grade, 22c bid for C. Oats The May option declined a fraction, selling at 283.

to 28Sr8C, but was in demand. Spot grades were dull and lower to sell. No. 2 was offered at but no bid No. 3 sold in M.

at 22c and A. at 22gc; no grade 21c bid for A. Rye Grade No. 2 was offered at 50c; for No. 3 45c was bid.

Flour dull, bnt generally helastparilly. We quote JEXX, family, choice $3 fancy. J4.3OS4.40: extra fancy. 4.60; patents, 35. These prices for lots at depots and on levee this side.

Bran dull and lower. Bulk, 534c at East Side points; sacked, boc at country points, osc I. o. East Side. Hay was extremely dull and weak.

Pales ranged: On west tracks Prairie, common to choice. $7a8. 50: fancv, mixed timothy, common, $89; prime to choice, timothy prime to f-trictiy prime, i.u.oo'aAA.oo; cnoice, Il2.50(ai3: fancy. $13.50. Provisions were dull and weak.

Twenty-five dav dry salt ribs were offered, to arrive, at 6.82Vc; and here. Green snouiaers, dac from the block; loags, 6V4c; e'ribs, 644c; shorts, 6.85c; and 15- pound hams, SVc. Loose dry 6alt, SO310- uay cure on cash orders; shoulders BVac: long and e'ribs, 7.f0c; shorts. 7.35c boxed shoulders. 5.55c; longs, 6.70c; e'ribs, 6.85c; suoris, rucKKu 0 umiuBiB, Jvxc; longs, 8.10c: e'ribs.

6.15c: shorts. S.30c. Standard mess f. o. at $14.00.

Prime steam lard, bid; fancy ieaf fcc; second brand, bvc; country good to choice, 75wS8c; mannfaenr- Ing, tiVavlAc. sugar-cured nams, inav 12.c: breakfast bacon, 10ia12o. Beef Farnllv, $6 50a 10 bbl, on orders higher: $4.50 5.50 yhalf bbl; dried, lOfillc; selected, 12ticlD; smoked tongues. $45 doz. Tallow Prime to choice In oil bbls, 5s'E54c; regular packages 14c less; choice cake.

6c; No. 2, Grease Brown and yellow, 2Vx4i4c; white, 4te65Vc. Salt do mestic, l.oo I'i'i on 31.J.0 on this side. Grr.nnd alum, yl sack; small way uiguer. Hlghwines unchanged at $1.14 In St.

Louis, Cin clnnatl and Peoria. $1.20 In Chicago. Lead was entirely nominal. It could be bought at $3.000.0.03, uut mere were no ouyerd. Afternoon Curb.

Wheat May, 97c, and calls, diu. micago, jnay, ii.uzAj. Chicago Letter. Telegraphed the Bedmond-Cleary Commission Co. Chicago.

111., December 26. It is impossible to write a market letter on such a market. The small longs, from 10 np to 200,000, have sold and Hutchinson was the heaviest seller on the last iecllne. The heavy stocks in U. K.

and afloat came doubled up from New York, and they sold freely on it. Cotton. To-day the Liverpool market Is suspended for the holidays. 1 he New lork market was dull for spot. coeueu aiui lur xuiures mu ctoseu oareiy steauy The local market was quiet and unchanged.

Local, Spot Quotations Low ordinary. 6 6-16c ordinary, 7 3-16c; good ordinary, 8 l-l6c; low ordinary, 8 15-16c; middling, 9 7-1 60; good mld- aung, sw, miaaung iau, iuiitc; lair, iu.se; stained, Vac lower than white. Beceipts, Shipments and Stocks. Gross receipts to-day, 5,640 bales: since September bales, against 386.696 same time last season; shipments to-day, 4,057 bales: since SeDtember 1. 1888, 288.868, against 308,663 bales same time last season; stock in compresses ana warehouses to-day, 1...

ci nOK.1.1 CLOSTNO COTTOW MARKET. Closed Monday. .46 9.47 9.60 9.73 9 84 9.94 ...10.04 10.11 ...10.17 9.86 Firm. Highest Lowest 2:20 pm. To-day.

Te-day. To-dav 9.45 9.43 9.43 9.47 9.45 B.45 9.t0 9.58 9.58 9.73 9.71 9.71 9.84 9.82 9.83 9.94 9.93 9.93 10.03 10.02 10.03 10. 10 10 09 10.09 10.16 10.15 10.15 9. S3 9.80 9. S3 Barely December January February March April May June July August September HISTOBY OF THE FAMOUS CANAL AND ITS ENGINEER.

The Nicaragnan Scheme Most Feasible-Easier Than Suez Serious Higineerlng Problems Encountered From the First Unlooked-for Obstacles. From the New York Mail and Express. The collapse of the great Pannama Canal bubble has been too long expected in this country to occasion much surprise here. In France, however, where the confidence of the pnblio In the scheme has been marvelously great, the disaster almost produced a financial panic The hard earned savings or all classes of citizens are engulfed in the big ditch. Whether the work comes to a permanent stop or is continued nnder different and more energetio management, is uncertain.

Only about $5,000,000 worth of the stook of the company la held in this country, and that does not represent an actual Investment of that much money by Americans. The company has elegant offices in the Mills Building, and glowing inducements have been held out to Investors, but with much less success here than abroad. Ex-Sec retary of the Navy Richard W. Thompson Is the head of the American committee, and Mr. Nathan Appleton of the Sellgmans' banking bouse Is a member.

Both ot these gentlemen declined to make any predictions as to the future of the canal or to confirm the rumor that an American syndicate Is endeavoring to obtain control and finish the canal. The Idea of connecting the Atlantic and Pa ciflo Oceans by means of a canal across the Isthmus of Panama dates back to the fifteenth century. The advantage to even the limited commerce of those days was so fully appre ciated that careful examinations of the territory were made by Cortezin 1523. The plan that was then thonght practicable was a canal to connect the River Chagres, which flows Into the Caribbean Sea, with the Grande, which flews into the Paciflo, near Panama. The route was examined by two Flemish en gineers under Philip but for political reasons the King ordered that no one should revive the subject under penalty of death.

In 1826 the project was again discussed and Domingo Lopez, a native of Colombia, traced a new line or a canal between Panama and Portobello. But it was not until 1827 that the first formal exploration of the Isthmus was made. This was done by engineers, under orders of Gen. Bolivar of New Granada. Either a railroad or a canal was de clared feasible.

The French Government first took up the matter in 1843, when Engineers Garelia and Courtines made an examina tion or the Isthmus, and reported in favor of a canal from Limon Bay to the Bay of Vaca del Monte, twelve miles west ot Panama. One of the features of their plan was a tunnel 120 feet high and 17,300 feet long. In 1864 Mr. Keilev of New York surveyed a route from the Gulf of San Bias to the Klver Chepo. which would also require a long tunnel.

In 1870 Capt. Sel-fridge, of the United States Navv. surveyed two routes to the mouth of the Iiivers Sabana and Lara, on the Pacific Ocean. He fonnd no lower level for crossing the Cordilleras than 1,000 feet. Two other expeditions were sent out by our government in 1874, and the question of the government's undertaking the work was seriously considered, but nothing was done.

NICARAGUA MOST FEASIBLE. The survevs and examinations made hvnnr uoverumeni nave iavoreu tne Nicaragua route as toe most ieasioi6 ot any of the eleven lines across the Isthmus which have been consid ered. While we were engaged in examining the route nearer to this country the French slipped in very quietly at Colon and before the situation was realized In this country the canal had been surveye.1 and the work commenced. Lieut. Lucien Bonaparte Wyse of the French navy came over with a party of twenty men auu maae tne preliminary surveys in 1876 i7, and obtained the concession from the Gove n- ment ot the United States of Columbia.

March 28, 1873. By the terms of this concession be was granted the exclusive privilege of con structing a ship canal from Colon to Panama tor a period of ninety-nine years, the canal to be finished within twelve years after the organization of the company. If any unforeseen obstacles were encountered, the limit was to be extended six years. As most of the obstacles which thecunal company has encountered were entirely unrorseen they are undoubtedly ooiiiicu to an extension ot time. On returning to France Lieut.

Wyse and bis associates had all the rights necessary lor the construction ol an interoceamo canal across the Isthmus, and only needed a regularly or ganlzed company and money. It was at this point that Count Ferdinand de Lesseps became identified with the project. He Is be lieved to have given some thought to the scneme ol piercing the isthmus when he was Consul to Central America and before he was sent to Alexandria in a similar caoacitv. While at the latter place In 1831 he found that a canal across the Isthmus of Suez was the great topic oi discussion. as Egypt was nearer home be gave his at tention to the Old World first, but it was not until 1869 that he succeeded in overcoming ail tne physical and diplomatic difficulties and completing the great work of his life He then retired for a few years and enjoyed nis wen-earned laurels, tie married a young Creole lady.

Mile. Ilelene Autard de Bragard. his present wife and the mother of his youns and interesting children. He was decorated by Napoleon III. with the Grand Cross of the Legion of Honor, and other nations showered honors upon him.

When he became the head of the Panama Canal Co. bis influence, bis fame and the confidence of the publio In his ability carried the project on in the face of op. position and discouragement from every quarter. The International Scientific Congress. wnicn was called to aectae wntcn or tne various lines across the Isthmus were the best.

declared in favor of the sea-level canal from Colon to Panama. De Lesseps' influence se cured this decision. In December. 1878. De Lesseps started for the Isthmus to inspect the proposed route for himself.

He was accom paniea Dy rus wue ana tnree cnuaren. xseiore returning to France he visited this city and went to Washlngtou, where he assured President Hayes that the canal would be a private undertaking and not a government affair. Hia faith in the enterprise was remarkable. EASIER THAN SUEZ. After leaving Colon the canal follows the line of the Panama Railroad, crossing the swamps and the quicksand of the Mlndl section, and thence to the Indian Tillage of Gatun, about eight miles from Colon.

The canal crosses the winding bed of the Chagres River many times as It extends inland, and also crosses the rail road before reaching Emperador. Two miles beyond the summit Is reached at Culebra. The railroad at this point is 239 feet 6 Inches above sea level. Beyond Culebra the canal reaches the bed of the Grande Klver, which it follows to the Pacific Ocean, terminating in the Bay ot Panama. A large basin is to be constructed here for the accommodation of vessels, and as the rise and fall of the tide in the Pacific is twenty feet, a tide-gate will be necessary to control the excess of this tide over that in the Atlantic at Colon, which is only about twelve Inches between high and low water.

CKLOOKED FOB OBSTACLES. Had there been no greater obstacles or more serious engineering problems en countered than the French surveyors de scribed In their reports when the work was commenced the canal would now be com pleted or nearly so. But Innumerable dlffi oulties and tremendous obstacles have met the workmen at every step. The Chagres Klver was considered an advantage in the fir surveys, and no provision was made to g. rid of it.

The canal needc -h- i auDDiv. and the river was thought to be lust the thing. After the work on the canal was commenced it was learned that the Chagres Klver drains an immense territory, and when heavy tropical rains fall it sweeps down with a flood that inundates the whole valley, sweeps away bouses. sections of railroad and any obstruction in Its course. In 1879 one ot these floods occuried.

and covered the Panama Railroad to a depth of sixteen feet of water in places. Bridges, tracks and ties disappeared at some points, and at others the deposit of earth on the roadbed varied from several Inches to several feet. In 18S3 the Chagres rose at San Pablo forty-four feet In four hours. The plans for controlling this erratlo river, and also the Grande Klver, consist of special canals on each side of the ship canal, and at dan erous points the latter Is to be protected by arge walls of heavy masonry. Then a short distance above Matacbin, at the junction of the Chagres and the Obispo, a large dam Is proposed to extend from the Santa Cruz to the Obispo Mountains.

The length of this dam will be three-quarters ot a mile, the height 150 feet and the width of Jhe base 1,300 feet. Then the mountain rul, uo of TELL A BIG ONE. are advertising worth $30 for $14. PLAIN FIGURES. Reduced to $1.75, $2.50, $3.50, $4.05 and 7.60 Reduced to 54.95 and $7.50 Reduced to 95c, $1.50, S2, $2.50 and $3.50 or refund the money, Snlis at $4 and above.

adapted for the work have been utilized, bu only about 35,000,000 cubic meters out of a total of at least 150,000,000 cubic meters hava been excavated. American engineers estimated from a theoretical standpoint that the cost to complete the work now will not fall below $225,000,000. From a practical point ol view the completion of the canal Is declared to be too costly and too uncertain for men in their right senses to undertake. How He Played Lady's Maid. From the Boston Saturday Evening Gazette.

Mr. Goodman, in the sudden absence of his wife's maid, attempts to help her on with her new winter dress. He: You just see if I can't help you Just as well as that blamed English maid. Confound It, after I've helped you once you'll be wanting me to all the time; see if you don't." She: "Well, put it on carefullv now over head. Look out for my hair; I don't see what possessed me to do it up before I put this tnmg on, though 1 couldn't have raised mv arms, I suppose afterward.

Look out, there's a hook caught in my hairpin. For heaven's sake, Charles, get it one way or the other. stifling, and mv hair will all be down. There, now, that top steel Is too high and the cushion interferes with it. Suppose you could get tne cushion out? Kip It, pull it, anything! Don't you see it's 8 o'clock I Got It out? Can't you do it? Pull it, I tell you I All right.

Now see if It looks too fiat. Well hook it then. Yes, you can, too; it's only a patent hook. Snap it! There, now, bold it so I can get mv arms into the sleeves not way up there do you take me for a contortionist? Oh, I never can get those sleeves on grab hold of the arm-hole with both hands, Charles, and give a good poll up onto my shoulder. tell me if it begins to bursts does it? The veins In ray hands will burst, 1 believe open that window, will you there now give me the ends of that belt, will you don't tell me.

Charles, that you've twisted the waist and I've got to take it on again I hv, now could you bare been so stupid? Where were your eyes? No, you can't pull it off that way pull It off just as you do a glove there, now, do exert yourself to get it right this time. Open that window a little wider, will you? What is the matter, caught something? Well, never mind. Unhook your watch and let the chain hang on the dress it won't be likely to fall off, and you mustn't tear that lace well, I'll get you another one if you lose it do get these sleeves on again there, now, pass me the belt. Ou that fool of a dressmaker, she's got this so tight, when I told her I wanted to be comfortable. Open that door, will you, so there will be a draught.

Now see If you can hook this waistup. No; begin at the bottom. Why, don't you see, the hooks and eyes alternate on each side so as to have it bold? Can't you get it together? Why, pnll: I can stand it. Turn your finger nails out? Well, tor heaven'a sake, Charlie, don't notice it now. ve got something I'll put on it after we get home.

Can you hook that last book up on my left shoulder, and tnen mat one down on mvrigrjc hip? Now. get a good firm hold of the bsttom of my skirt and give It a pull down all around. Now, do get out ot the way and let me look in tne mirror. ueavens i look like a perfect dump. Tip the mirror up a little more, will you? No, not that way the other way and go get me your hand-glass, won't you? Turn the gas up a little higher, and do keep out of my way I can't see a square Inch of my dress.

Well, it loons a little better tnan tuougnt it aid at first. Just give that drapery behiud a smooth, will you? And pull Uiat ruching up In my neck. There, now, fwit both your hands around my waist, and give it a good hard smooth down. There, I guess that will do now. I look very well.

But for goodness sake don't ever ask me to let you help ma again!" A Saratoga Spring Over 3,000 Feet Deep, From the Scientific American. A dispatch from Saratoga says: "A com pany has purchased the Seltzer Spring and will utilize its waters for the purpose of liberating and storing, in liquid form, the carbonio acid gas with which it abounds. To do this, extensive arrangements are being made npon a large amount of invested capital. The es tablishing of the plant Is under the supervis ion of Mr. Oscar lirunier, a German expert.

The Seltzer Spring, located on Spring av enue, was developed by Dr. Hasklns less than three years ago. The drill was put down to the depth of 500 feet. At this depth an abundant supply of water waa found Ilowlnac from a crevioe In the rock bottom. A few days ago, to assure himself of the depth of the spring, Mr.

BrnDler sounded it with a line and plummet, but instead of resting at 600 the weight sank the whole length of the line, 900 feet, crsner soundings nave since Deen made. the weight used being a piece of Inch gas pire filled ad and weighing thirty-four pounds, until a depth of 3.300 feet has been reached, and yet without reaching bottom or any obstacle. No further surroundings will be made until Instruments expressly designed for the purpose can be procured. Prof. Brunier admits it as possiDie that tha ine and weight could have been carried away by some powerful current, but be holds to bia original belief In the existence of a subterranean sea of greater or less extent, and that there is undoubtedly some connection be-tween and the water of the ocean.

In other words, that Saratoga Is over a vast water-filled cavern, the roof of hich is about sou feel thick. He also thinks it probable that at a given depth and temperature carbonic acid gas may be found in a nquia lorm. The spe cific gravity of the liquid gas is about nine degrees lighter than water, which would readily cause the water to climb 300 feet above the ocean level. Shoula the existence of a subterranean sea be established It would put to flight many theories and scientific speculations as to the source and course of the maa mineral springs here. Cheap Restaurant Slang.

From the Omaha Herald. "So If I were to give the cook your order as stated by you, and say, 'One porterhouse the cook would broil himself to death on the coals In astonishment. I'd simply say 'brown stone and your order would be served to a turn. So, fried ham Is reduced to 'one in the and boiled eggs to 'two la the Poached eggs, in our vernacular, becomes 'chippies on the and It desired on toast, 'three on Scrambled signify shipwreck, and milk toast is fur. nisbed by ordering 'graveyard Spare-ribs are and sausage In tha kitchen takes the name of 'cable And, to summarize, soup Is shouted 'bowl hot cakes 'staoa 'em biscuits are 'life Tea Is 'Chinese milk, 'essence of and water simply 'float, 'Summertime' is the call for oatmeal.

Tha delicacy of frog's legs Is known by the nam of 'song and dance men without a body, 'and that evidence of Boston culture, pork and beans, calls for the patriotic synonym 'stars and Now what's your order? 'Pates de fole Oh, Heavens 1 Let me make the cook commit suicide." DIVIDEND NOTICE. OFFICE Granite Mountain Mining Room 3 No. 204 N. 3d 8t. Louis.

December 2b, Dividend No. 49. At a mwttng of tha trustee. ueiu Hill usy, aw wa. being 25 cents pf ou the capital stock ft company, pa- jxrklioJ.l.r.t.r record, IranJir lx.uk.

will be cKa auui 10a.m. January JO, lOH. O. HTM N. ss't Se, Fine, Unwashed States.

Light. Heavy. 111.. etc IS23 i20 la 23 20 1623 19 (315 oT7 (ol4 an (a IS Kansas and Nebraska Texas and Indian 8 to 12 I 4 to 6 Colorado, New Mexico, etc Montana, Wyoming, etc Tub Choice. inferior.

SlSSc. Rick, 10-3 20e. Tare, Burry, cotted. etc Slightly. 3 off moderately.

4a6c off; hard at 10c for 8outhern and 16c for" Missouri; black, 2a5cff- MlDi. Market quiet aud weak, out uucnangea; Green salted. No. 1. 5uc No.

2. 34C; bulls at 3sc uncured and Southern ticky lc less. Dry tint. No. 1 at lOUc; No.

2 at 7Uc; skins weighing 10 lbs and leTs and bulls at 5c Dry salted at 7V2c for No. 1 and for No. 2, glue ot itc for green and 3c for dry. r-HEEP SKINS Meadv. We quote (as to sizeand amount of wool): Green Large, small to medium, 4O'(ifc0c; shearlings.

15225c. Dry Large. SCaSOc; email to medium. 36200c: shearlings at5a xor. DEEK SKINS Market quiet.

Prime flint at 44c; salted, damaged, half off; greeu at 20c; antelope at 22c; goat, 25c each. te.Aitit.tiS fteaay: prime live geese si jnm.c; top rate for small sacks, prime gray at 3-'a42c; mized. old. at 15'S40c: chicken (dry picked) at 5ta6c ducks. 30c: tare 3 and 10 per cent.

BKt A. yinet at 2uc tor cnoice. ROOTS Hneng. extra large more; eneca. 2ofi30c: snake Texas, r20c: lrgiuia, 20c; blood, 2if63c; May apple, 2a2lic; goldenseal, angelica, pink, loc: lady slipper.

6c: wahoo root bark, b'o 10c HROOM CORN Stocks large In the bands ot re ceivers, demand light and market quiet in consequence. We quote: Common. ldlVie; fair, Choice, 24 a Jo; fancy burl more. MARKETS BY TELEGRAPH. New York, December 26.

Wheat Receipts, 3. 850bn: sales, 1,600.000 bu; freely offered at de cline of lWdlqi8c; livelier, weak; No. 2 rwl, December, January. February, Sl.OaVdl.OSfe; March, Mav, $1.06 13-lfra 1.074; June, Cc rn Receipts, bu; sales, 4UO.OO0bu; about steadv. slow; new mixed western, 4 -i a 4.10; old no, 4t.ai 47SI4C.

Oats Keceipts, 91.000 bu: sales none; easier, quiet; Western, 29a39c. Beef dull: plate, $9,501.10: extra mess, Pork inactive; mess, $14. 14.75. Lard easv, quiet: steam rendered, 8.611c. Butter Keceipts, 7,909 paciieges; steady, light demand; Western dairy, 14i26c; do creamery, iwic; tigins, a'adae.

nee se Receipts, 8,147 packages; steady, qnlet: State, ifS12c, including fancv. September, 11i12c; Cctober, llid.lli4c; Western, luallMc; skims, 2ifac. sugar quiet; powdered, 7c; granulated. 7Uc; crushed, 91413. Molasses unchanged.

Coffee Rio dull; fair. 17c; options dull, declined 1025 points. Spirits turpentine firm, quiet. Eggs Receipts, 5,911 packages; steady; Western, 23a 24c. Chicago, December 26, 10 a.

m. The Board of Trade resumed business at 9:30 o'clock this morning for the first time since last Saturday. The only dealings in wheat were in May. It was lower and extremely weak. Opening quotations ranged all the way from Jl.OT3 down to $1.07, against S1.USV4 at the close on Saturday afternoon.

The heaviness continued, and a further decline to fl.OfAS was suffered without material check. It grew steady at that point, fluctuated for a time between that flgnre and and Is now rather firmer at $1.0614. Corn was steady and unchanged at 33ip4C for January and for May. Oats were Vac lower at and weakened to 29c. January pork was nn-changed at but May was 5c lower at $13.60, receding to $13.55 and rallying to Lard was 21-8C lower at 7.92t,c for January and 5c lower at 7.95c for March, receding 2Ha more.

January short ribs were 2Vac lower at 0.90c. 11a. May wheat Is now quoted at Sl.OMj; De-cenber, January at May corn at 37c: January al 34i.ic May oats at 29c. January pork at $13; Mav at $13.40. May lard at 7.65c.

May short ribs at 6.97IJC. 1 :16 p. m. Wheat weak and lower; cash, 978c: January, 974c; May, $1.03. Corn steady; ca-h, 3354c; January, 34Vc: May.

37c. Oats steady, cash, 25c; January'. 25c; May, 29e. Bye, 5H2C Bar. ley and prime timothy, nothing doing.

Flax, Whisky, $1.20. Pork easy; cash and January. Mav, $13.30. Lard easier; cash, 8.25c; January, 7. 72V2C; May, 7.SO7.82lc.

January short ribs, 6.77lic. Butter and eggs stea ly. New Orleans, December 26. Flour steady: extra fancy, fancy, $4 65S4.75; cnoice, $4.25. Cornmeal steady at $2.10.

Corn quiet; mixed, 46a47c; yellow, 4. white, 46c. Oats quiet but firm; No. 2. 34t35c.

Bran steadv at 90.c92ljc. Hay quiet at prime $16317. Provisions quiet. Pork, $14. Cut meats Shoulders, 6Vnc; sides, Ityafyci bacon nominal at 814c; 1.

c. SVac. Hams hoice sugar cured, ll'alivic. Lard-refined Whisky steady, basis $1.14. Exchange on New York.

150 discount: sight, par. Cotton Spot quiet; net receipts, 7,456 Dales; gross receipts, 7,456 bales. Toledo, December 26. Wheat lower, active; cash December, 98c; May, July, 91c bid. Corn steadv; cash December, 3614c; Mav, 3714c.

Oats steady: cash 27c: May, 30c asked. Cloverseed higher, active: cash, December and January, S5.40; February, March, $5.55. Detroit, December 26. Wheat No. 1 white cash, 98c; No.

2 red cash, January, 98tc: May, $104. Com No. 2 cash, iHtac; January. 34Vfrc. Oats No.

2, 2c; No. 2 white, 29c. Receipts for three davs: Wheat, 38,400 bui corn, 40,900 bu: oats, 5,800 bu. Buffalo, N. December 26.

Wheat No. 1 bard quiet; old No. 1 hard, $1.38: No. 1 Northern, winter wheat. No.

2 Ted. $1.05. Cora No. 2. In store, 42o.

Receipts Corn. 30,000 bu. ShipmentsCorn, 60,000 bu. Milwaukee, December 26. Wheat weak; cash, 90Vsc; January, 90gc; May, 97V4C Cora dull; O.

UUll IJUIHij ilU. A Willie, 3C. Bye easy; No. 1, 60c Barley dull; No. 2, 67c.

CINCINNATI, December 26. Flour weak. Wheat dull. Corn firm, at 35c. Oats quiet, at Rye dull, at 56c.

Provisions quiet and unchanged. Wklsky easy sales 502 bbls. Oil and Petroleum. Pittsburg, December 26. Petroleum is dull but steady prices opened at declined to and at noon 887s was bid.

Cleveland. December 26. Petroleum easy S. W. 1 10.

7Vsc Wilmington, XN. C. December 26. Turn sntine firm at 43c. LIVE STOCK.

ber abs; No. Av. Price. J5 20 5 20 9 15 6 25 5 25 6 10 No. 27..

34 45.. 62.. 64 69.. 63.. Av.

..308... ..282... ..230... ..216... Price.

25 0 25 5 80 5 15 6 05 5 80 6 10 Price. 10 6 32V, 6 05 8 25 5 32V, 5 10 5 25 69 66... 64... 48.. 73...

94... 75... ..238.... 237.... ,..265....

..255.... 227.... 5 121 ...229... KATIONAt. ETOCK YARDS No, 97.

Av. Price. No. At. .213....

.164.... .55 10 4 95 630 6 25 5 80 6 15 4 90 .14 80 21 213.... 63 258.... 64. 125 ....284....

65 275... 62 285.... 77 215.... 18 160.... 12 168....

67 198.... ....255. 63. 65.. ..227....

60 61.. SHEEP The pens were bars of sheep, and buyers could do but little. Fair to good and fancy muttons are in demand at strong prices, namely, from $3,000 4.50 100 Sis. Cqmmon and thin dull at i 100 s. Bones and Mole.

HORSES. Heavy draft, extra Heavy draft, good Streeters, extra Drivers, extra a Drivers, good Saddlers, extra Plugs, good Plugs, common TLC8. 14 hands, 4 to 7 years 14Vs hands, 4 to 7 years 15 hands. 4 to 7 years 15Vi hands, 4 to 7 years 151, hands, extra 16 to 161, hands, extra Plugs, good Plugs, common 130tol75 115-3130 150n225 125al50 125V200 40 60 15- 30 soaioo 9iX100 105'allO 1100120 150165 40 65 15 40 Live Stock by. Telegraph.

Chicago, 111. December 26. Hogs Receipts, 15,000 head. Market slow and weak; light and mixed, rough packing, heavy packing and shipping, $5. 15a5.35.

Cattle Receipts, 7.000 head; market strong; beeves, $3. 20'o5; cows, stackers and feeders, Sheep Receipts, 5,000 head; market weak and lower; natives and muttons, esterns, lambs, Buffalo. N. December 26. Cattle Receipts, 520 head through; IkO sale.

Quiet; feeling steady. Sheep and lambs Receipts, 400 bead through; 2400 sale. Market quiet and steady; shipping sheep, lambs Western, $5.7546. Hogs, weak; 5c lower thau Monday; receipts, 3,000 head through; 6.000 sale; mediums, Yorkers and pigs, $5.35. Kansas City, Mix, December 26- Cattle Receipts, market steady to strong.

Hogs Receipts, 3.423: market strong to 60 higher. Bulk, top. $5 20: pigs, mixed, heavy packers and shippers, 5.15. The Bridal Bulletin. The following marriage licenses were Issued by the Recorder during the twenty.

four hours ending at 3 p. m. to-day: Name. W. Henry Kennedy.

A. Belle Bankson Frank nuwee Joaie Truic Adolph F. Campe Daisy E. Weber Edward J. Mackle UosaUray I C.

Wm. Stroh Elizabeth Ague James King Louisa Marshal I John Knmbera Mary D. Haroli i Wm. Busch I Alice Ambruster Henry Rodgors Emma Madison Residence. County, III County, 111 308 S.

4th St Belleville, 111 1025 X. 7th 6t 1414 N. 19th St 2723 Eugenia st 315 Argyle ay 2128 Gravois ay 2128 Gravois ay nopkinsville, Ky Hopkinsville, Ky Cedar Falls, Io 1316 N. Broadway 2802 Manchester rd 109 S. thanuing ay St.

Louis County St. Louis County Los Angeles, Cal .4431 Natural Bridge road man. Ill Carl H. Young, Lucy Watklns liana C. Larsen Nikolina Hermansen J.

A. Foster Pauline E. Ereis John M. Foster Martalde Puyt i A. A.

Coleman Y. A. Geo. F. AVIlhelm Elizabeth Lei in Orrlsson H.

Sboses i Grace C. Burchard 2632 Glasgow av ...3339 Wisconsin av Jennings, Mo 923 Chouteau av Waterloo, Hi Pine st 919 lath st St. Charles, Mo St. Charles, Mo 1526 Bacon st 2226 University st FTJB.E 1SKT. GOLD WEDDING RINGS.

Wedding invitations executed, lowest prices. Lovely goods for Wedding Gifts, low prices. J1EHMOD JACCARD JEWELS Cob. Broadway Locust st. Births.

The following births were reported to the Health Department for the twenty-four hours ending at 3 p. m. to-day: Clara, daughter of William and Tony Haffin-sten, December 18; 800 Morgan street. Anton, son of Krwin and Emma Stnchel, December 18: 1826 Utah (Seventeenth) street. Gertrude, daughter of Albert and Gertrude Wolf, December t3; 304 Dorcas street.

Anna, daughien of John and Anna Dover, December 24 1849 South Tenth street. Celestine, daughter of John and Grace Bennett, December 19; 2421 North Tenth street. Emma, daughter of W. P. and Mollie Johns, December 22: 8 South Eleventh street.

Theodore, son of Fred and Tillie Axell, De cember 21; 2024 wash street. George, son of E. W. and Mary Johnson, December 19; S423 Biddle street. daughter of John and Sylie Spargo, December 21; 1620 Cabanne avenue.

Deatns. The following burial certificates were Issued by the Health Department for the twenty-four hours ending at 3 p. m. to-day: Joseph Sturrock. 3 years, 1433Vi Franklin avenue: diphtheria.

John Collins, 58 years, 1717 Carr street; fatty degeneration 01 heart. Charles StCBCklin, 60 years, 1321V, North Eleventh street; chronio ulceration of stomach. Albert Dietmeyer, 6 years, 2759 Lafayette avenue: diphtheria. Joseph Tission, 1 year, 704 North Levee; pneumonia. Ferdinand Nlcolay, 2 months, 2824 South Broadway suffocation, accident.

Real Estate Transfers. The following transfers were put on record up to p. to. to-day: Gustav Oberbeok and wife to Henry Rnehninir 90 ft. on Twentv-second city block 2401 warranty deed STO Forest Park Improvement Association to Patrick Burns, 100 ft: on Westmoreland citv block 4909: warranty deed 7,400 Rudolph Sadrlng.

ana wiretowm.J. Fnhnv. Ku ft. on Clearv cltv block 1838; warranty deed 6,750 St. Louis Wrecking Co.

to Thomas A. Rnmell.M ft. on Garfield cltv block 3702; warranty deed 800 Joseph Guggenos and wife, by trustee, to M. E. Kvan.

98 ft. on N. 10th oity block Il49; trustee's deed 1,200 James Taussig and wue to Ben. J. Tauaslir.

100 ft. on Laclede city block 3885; warranty deed 0,000 Aug. Kron and wue to Anna u. lanay, ft nn Rrnnrlwav. Cltv block 2545: warranty deed 8,000 J.

Morrison and wire.ro r. rieming.su rt. EaHtnn cltv block 3788: warranty deed 900 Math las Hajek and wife to Mathlas ft. on 13th city block 675 warranty deed. 725 Christina Funke et al.

to Carl Moller, cu ft. A In nn Tavlar citv.bloclf 3701 warranty deed 1,300 Patrick Berney to can aioner, on it. on Tavlor avenue, city block 3701; war ranty deed 1,000 Indications. Washington, D. December 26.

Indications for twenty-four nours. For Illinois Rain, stationary temperature, fol lnwt miiinr: winds becoming westerly. For Iowa Snow, slightly warmer, followed Thurt-riv miil.r variable winds. For Missouri Rain or snow, colder; winds becom- ing-northwesteriy. For Kansas and Nebraska Light snow, followed Thursday by fair, colder; northerly Winds.

The rivers will change slightly. Tmt Union M.E. Sunday-school will have Its Christmas entertainment to-morrow even ing at the church. The Henry Cadets will give a holiday so ciable Friday evening at Et. Lawrence to be cut with a tunnel 2,000 feet long and 275 feet In diameter.

Through this tunnel the waters of the Chairres are to be made to rjass. This stupendous undertaking has been declared an impossibility by many eminent American and English engineers. The Culebra cut is another difficulty that has turned out to be greater than the first calculations placed it. The cut through which the railroad passes, which is 233 feet 6 inches above sea level, was found to be impractica ble on account of Its making a very sharp curve In the canal necessary. The lowest cut that can be used Is 339 feet and 6 Inches.

This increases the cube of rock to be cnt through enormously. A series of drillings made by an American contractor nas quite recently disclosed a bed of rock so Intensely hard that the diamonds were torn irom tne drills, immense beds of quicksand have been found near the Atlantic terminus of the canal, innocent looking marshes were found to be shallow coverings for ledges of rock and coral formations difficult to remove; disastrous storms proved that elaborate and expensive basins will be necessary, at both termini. The climate proved to be a great drawback. It means pestilence and death to foreigners. Yellow ftver sweenn off the whitJI, and 'pernicious fevers, due to the miasmatic atmosphere, kills both blacks and whites.

The highest official death rate recorded was In November, 18S4. During that month 653 officers and men were buried. Over $2,000,000 have been spent in the erection of hospitals, and they are nearly filled at all times of the year. THOUSANDS OF LIVES SACRIFICED. The cost of the canal In lives has been frightful.

In July, 1S84, a new cemetery was opened at Panama. Two years later another cemetery was opened, as the old ones were all filled. In April, 1880, the last grave bore the number 3.889. Aside from this several hun dreds of the middle and better class were burled In the stone vaults, and the Chinese and Hebrew cemeteries received their quota. When the Panama Railroad was built it was said that every sleeper marked a death.

The deadly climate has not Improved since then. Another serious dimcuity that made itself felt In 1882 is the earthquake. Selsmlo dis turbances have ocourred for centuries on the Isthmus. Cities have been partially destroyed and lives lost. One authority states that I 40,000 inhabitants perished between Santa Fe and Panama about a century ago.

The shock of September 7, 1882, threw a part of the facade of the cathedral at Panama into the plaza, demolishing the roof and stone columns of the town nail ana damaged an or the build ings in the city. At Toboga, an island in the Gulf of Panama, a part of a rocky cliff was shaken down. A stone church, located mid way between Colon and Panama, was literally shaken to pieces. Mile after mile of the Panama Railroad track was upheaved and rendered useless. A great fissure was created extending across the island of Colon, and another one, two miles in length, followed the Chagres Kiver.

THE REMARKABLE FINANCES. The finances of the Panama Canal Co. have been remarkable. The enormous amount ot money raised has all been obtained by popular loans. The fame that attached to the name of De Lesseps inspired unbounded confidence In the undertaking among all classes of the French people.

The thrifty laborer and the wealthy man of leasure alike contributed. One put in the frugal savings that he bad been hoarding for years, while the other dropped a few thousand francs from his surplus. Some idea of the source of the con tributions may De gamed from the fact tliat the number of stockholders Is over 200,000. The subscriptions were obtained by giving out low estimates on the cost of the work, the amount of excavation, and the time required, and by glowing promises and representations, and the payment of 5 per cent on the stook during the progress of the work. All of the original estimates have proved to be fallacious, and that the company could not afford to pay 5 per cent Interest on their entire capital stock for years before any income is received Is apparent.

The original estimates placed the total excavation necessary at 46,000,000 cubio meters, but by the time work waa commenced the estimate was raised to 75,000,000 cubic meters. In March, 1885, the engineers in charge admitted that fully 120.000,000 cubio meters would have to be excavated, and the actual amount is probably not less than 150,000,000 cubic meters. Of this amount only 35,000.000 cubic meters He declared the Panama Canal easier to begin, to proseoute and complete than the Suez Canal. He treated lightly the difficulties that American engineers pointed out, and obstacles by them declared Insurmountable were trifles to blm. He stated that a canal could be dug from ocean to ocean devoid of locks, of ample width and depth for the largest vessels.

On January 26, 1881, the French steamer Lafayette arrived at Colon, with Armand Rectus, G. Blanchet and about forty engineers, superintendents, clerks and others. Mr. Rectus occupied the position of general agent, with full powers from the canal company, and Mr. Blanchet took charge of the actual work.

Wharves were constructed, offices and resi dences, repair shops and sheds on a large scale were erected, and a hospital was built. Surveying parties were dispatched to obtain the topography of the country, and the final line was located. Its length Is forty-five miles. has been excavated. The estimates of cost were equally unreliable.

DeLesseps was so confident that the total cost would not exceed SOU, 000,000 franos or $60,000,000, that when he opened the first public subscription In 1880, and found that double the amount asked for had been subscribed, be declined many offers He bad boomed the project by making ad-dresses and by publications in the French newspapers nntll the public were wild to get some of the stock at any price. Then after the work was commenced the need of more money became evident, and loans were made In 1882 it was found that $100,000,000 had been spent, and less than one-tenth of the canal had been excavated, and that had been done in the easiest portions, where steam dredges could work to advantage. Additional loans were obtained year by year by floating stocks and bonds, but In 1886 the public seemed to tire of the repeated calls for money to go in the big ditch and the lottery scheme was started. This plan set aside 16 per cent of the amonnt ot money raised on tne loan to re deem the bonds at maturity and to guaraatee the payment of the prizes. By these methods a total ot S2J6.27J.14U nas Deen raised and ex pended by the company.

In order to obtain this amount and cover commissions, dis counts and similar obarges an Issue of stocks nd bonds amounting to $418,950,900 has been issued. Thus it nas cost tue company an ex capital of a little over $216,000,000. Frequent euorts were made to obtain financial aid from the French Government, bnt without avail. The last lottery loan was solicited last June It was for 2,000,000 bonds of the par value of 400 francs each. The money waa needed to continue the work and, according to Do Les seps, finish It.

The total subscription amounted to oniy eou.ouu oonus at seo francs. Deducting the reserve for the sinking fund and commissions the company realized only about $44,728,000. Although this sum Is nearly equal to the first estimated cost ot the whole canal it is inadequate to the present needs. The failure to raise the entire loan Is the im mediate cause ot the troubles of the company wuicu uave piacea it on tne verge oi bans; ruptcy. LTTTLB WOEX REALLT ACCOMPLISHED.

Although the most approved apparatus has Deen employed in making the excavations the amount cf work accomplished has been small, when tha time that has elapsed, the number of men evgaged, and the amonnt of money spent is considered. From 12,000 to workmen Wave been employed, and large Steariardrerlirpa Canada Southern Conadlan Pacific Central New Jersey Central Pacific 8t. M. A St. li.iO.

pfd. R. I. it B. A Q.

to. A St. 63 52 9fi 35 as MI! "95is, 53l2 54 52 94! 9434 341 si 34U 33l4 331 I i)H 9811 9834 111 111 tS37j) 1081 1084 34 ibo" 100 lllVa 111 Chi. A N. Cotton nil Trn-t Delaware, Lackawanna sVYV'n Delaware A Hudson Rio (jrr3nde Fast Tennessee, common East Tennessee, Erie, common Erie, preferred Erie 2d mortgage bonds Fort Worth A Denver Hocking Vallev Houston A Texas Illinois Central B.

A Lake Shore Louisville A Michigan Central Missouri Pacific. M-, K. A Mobile A Ohio. Manhattan Elevated I New York A New 10sT 1091 1411448; 1431,2 144 23 I 671 281 63 "23" 671ii 214 63 27m 28 62j 621 "23lj 26141 2d 331-i 27 27 11SV2 115W1145k SI 5744! 5748i 57i9 S8 8j4 83 of (S! IW IO 9114 91Vk 43 431.5 4.U. 421V New York Central Norfolk A Western, com Norfolk 4 Western, ptd Northern Pacific, com.

Northern Pacific, Ohio Southern Oregon A Transcontinental Or. N'av. A Trans, com loss SOW 507)! 25 25 Xs 60 255fc 696 boW 50lfe 25ig 30Va "36' 304 "Ohio A Mississippi, com Paciflo Mali. 21 75! 50 2HS 211, 37 2514 4y '2'5'ai 40 14 37U 501 Peoria, Decatur A Evansvllle 0 hiladelDhia A Keadinir 494 '24 Pullman alace Car Klclimond Terminal St. Paul A Duluth, St.

Paul A Duluth, pfd St. L. A S. com St. L.

A 8. 1st pfd St. L. A 3. F.

2d St. AM Tennessee Coal A Irou Texas A Pacific Union Pacific W. St. L. A St.

L. A i)M 25Vs! 25! 40141 Hzte 27 I 27W1 26, 271., 11354 677 99 36 23 12 25 S4Vi 105 11214 1134 214 677! 67l8i M3 36Ml; BtiUi 23 64 23 64W! b34s, 124i 23 2551 25 Western Union Tel. Co 84 84 west t-nore Bonds 105 I Exchange Quotations. Fnrnuihed by A. G.

Edwards A Son. Exchange Brokers for St. Louis banks. 313 North Third street. ww TOT- 50c discount Philadelphia 50c discount Boston 50c discount Chicago 25c to 40c discount Cincinnati Louisville ew Orleans Local Bonds.

orrccted daily br James Campbell, banker and oroaer, out fine street. U. 8. BONDS. When Due.

Interest Payable. Bid. Ask. 8P cent 4li ft cent bonds 4 cent M. A.

N. A T. 100 lonw, 108 110 1901 J. 8. D.

A 1 19u7iJ. A. J. A 0.jl2S RAILWAY BONDS. Mo.

Pac. consols. Mo. Pac 2dm 7s. Mo.

Pac. 3d No. Mo. 1st 7s. K.

P. lstm 6s. K. P. lstm 6s K.

P. D. Ex. K. P.

Consols .7 St. L.AM 1st 7s. 1920 May and Nov. 1 1 10 1S91 Jan. 1903 May and Nov.

119 1895 Jan. and July 115 1896 Feb. andAug.illO 1896 June and Dee.UlO 1899 May and Nov.1114 1910 May and Aug. 103 ST. LOClrt CITY AND COCSTY BONDS.

City 3-65 sterling City 4s sterling 1907 1902 1905 June and Dec. 99 101 100 102 lu-zus Cltv 4s sterling 20s City 6s sterling 10-20S City 5s City 6s, gold City 6s, sterling City 6s, City 6s, City 6s. bridge approach County 6, County Park May and Nov. June and Dec. 102 103 1024 103IA 1900' June and Dec and July 1892-93! Various lS98June and Dec.

189MiJune and Dec. Ib92j April and Oct. 1892 June and Dec. 1895 96'Jan. and July 1895April and Oct.

109 106 110 107 US 117 107 117 1H 106 10(5 113 120 114 122V CLEARINQ-HOITISS STATEMENT. Balances $3,581,779 524.600 COMMERCIAL. Closing Prices 1.15 P. M. JteporteddailybyS.

W.COBB A 317 and 319 Chamber of Commerce, St. Louis. Horses Cattle. Hogs. Sheep, and Mules.

Receipts 1,454 2,641 1.174 14 Shipments 333 2,448 205 130 steady. St. Louis. Closing Highest Lowest Closing 6aturday. To-day.

To-day. To-day. WHEAT. Dec' 91,51 98 98 951 a Jan. 99 971, 97 ftMin Jeb.lOlU 9sVin 103lt 100 100Wue June 1001 H9Su 97t 98 July) 91 9014 891ft a Tear 30S 301 301,8 30V 304j Feb.

30 3014 WYdB 30iai Ken. 31 Hiss fllv 3ivi si ay. 3a-t4 33Vb 3aig OATS. Dec. 234 Jan Fob.

ldy. US4? 2Sst8 2(v9 line Country Produce. POTATOES Slow. Peerless range at 3740c; burbauk, rose and hebron at 40w43c; choice New York burbank, mixed and common at 803 aoc. ONIONS Quiet.1 Sell slowly at 30ffl35c per bn and at 90cdSl bbl for fair to prime; damaged and interior, zuittzoc du.

at 75cffS1.25. and other Western varieties at Eastern car lots assorted varieties at SI. DRIED Little doing and market easy, 1 UIDB UU'UIICU, OOU J. CB1IU1.1CU, '(1 peelings and cores, lac. Peaches Sun-dried, 24 i sc; evaporated unpeeiea, 4atc, pueieu.

Banc Ul.j.fah.,.1.. K- BLTTF.R Recelnta. ttva. Markat nnlet and easy, but unchanged. We quote: Creamery Choice and fancv, 27'o30e.

Dairy Choice and fancy at 23 25c; prime at 18i22c; medium, li'Sl'c; low grade at lli13c; near-fcv packed, 12Vs15c. Koll Choice ivortneru, lotaajc; near-by common, XJa 13c; choice, 14lrtc. CHEESE Wisconsin full cream at lllo; Yonng junoiiH isc; ii uius sun Auinois cfeaut, sauus at va ivsc. CATTLE The supply was very small, there being only twenty-five car loads in by actual count, half of which consisted of range cows and steers, and the balance fair to good native cows and steers. The attendance of the different classes of buyers was very small ana their wants light.

Sellers asked slight advancessay 10dl5c per 100 lbs over the prices prevailing on Monday. and obtained them without much difficulty. Reports from other points are a nine more encouraging and of course that exerted some Influence over buyers at this fioint. It must be distinctly understood, however, bat the demand nst at present is limited and fir the better grades. Milk cows with calves dull.

CNION STOCK YARDS. Daily Report of Bales ot Cattle, fct. Loals. December 26, 18S8: Description. 18 native steers 18 Southwest 15 native 'tows 14 native heifers 15 rough native 20 Southwest heifers 13 native heifers 46 Hereford steers 23 Southwest heifers 15 native heifers and 93 retail from $3 to $3.75.

At. Price. $3 40 10 2 75 1,194 2 60 840 2 30 1,046 1 75 621 2 20 S20 2 25 1,093 a 30 626 ii 25 1,060 40 NATIONAL STOCK YARDS. No- Deserlption. At.

1J3 native steers 1,120 23 native steers 1,034 18 native cows 98 16 native 1,01 rlee. $3 60 50 2 25 2 25 1 90 1 75 24 Texas cows faOO CiltCAOOr l.OTfeaVj ll.02a 96 I 94 I 1.03 I 94 3414 I 33 34 I34V8 37 a 1 1 37 29V 129 My 1 1.0814 Tii ly I I I U'Xoola'a school nan. fHT 1.

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About St. Louis Post-Dispatch Archive

Pages Available:
4,206,575
Years Available:
1869-2024